3 ms·
Except that the slope stays the same (in the UK) after the end of the Raj in 1947. The growth rate of India's economy stayed pre-industrial until the end of WWI
by DonsDiscountGas 3y ago
Except that the slope stays the same (in the UK) after the end of the Raj in 1947. The growth rate of India's economy stayed pre-industrial until the end of WWII (probably not coincidentally), that's why the relative GDP shrunk.
https://ourworldindata.org/grapher/gdp-per-capita-maddison?tab=chart&yScale=log&time=1800..latest&country=IND~OWID_WRL~GBR https://ourworldindata.org/grapher/gdp-per-capita-maddison?t...
So maybe England was keeping India poor but that wasn't what made England rich.